The 5 most popular stories on Africa Private Equity News this week
The 5 most popular stories on Africa Private Equity News this week
Here are summaries of the five most widely read stories this week on Africa Private Equity News.
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Here are summaries of the five most widely read stories this week on Africa Private Equity News.
1. AAIC Investment partially exits Africa Healthcare Network
AAIC Investment has partially exited from its shareholding in Africa Healthcare Network (AHN), a chain of dialysis clinics in Africa, following a $20 million investment led by Africa50 and AfricInvest.
AHN has grown to 45 clinics across the continent, and aims to further expand into underserved regions on the continent.
2. European LP backs Adenia Capital fund
Swiss development finance institution SIFEM has committed $15 million to the Adenia Capital V fund, a pan-African private equity vehicle that focuses on investing in mid-sized companies.
Other investors in the fund include development finance institutions such as IFC, Proparco, FMO, DEG, EIB, Norfund, DFC, and Findev Canada, as well as some private investors.
3. Old Mutual education fund reaches second close
The Education Investment Impact Fund of South Africa (EduFund), managed by Old Mutual Alternative Investments (OMAI), has reached its second close after securing new capital commitments of ZAR825 million (c. $44.4 million).
EduFund’s total commitments now surpass the ZAR1.2 billion (c. $64.5 million) mark. This milestone has been achieved with contributions from three new investors – the Namibian Government Institutions Pension Fund, the National Fund for Municipal Workers, and Rand Mutual Assurance – on top of an existing commitment from Old Mutual Life Assurance Company (South Africa).
4. Criterion Africa Partners completes investment in Mozambique Fibra Lda
Criterion Africa Partners has completed an investment in MozFibra, a subsidiary of Mozambique Tree Farming (MTF) operating from the Beira port.
MTF was established over ten years ago by a group of South African entrepreneurs with decades of experience as members of NCT Forestry Agricultural Co-operative, a successful farming cooperative that supplies timber domestically to SAPPI and Mondi, and for export to global wood chip customers producing pulp and paper products.
5. Proparco, 27four lead investment in South African affordable housing platform
French development finance institution, Proparco, and South African investment manager, 27four, have led a R550 million (c. $29 million) investment in Divercity Urban Property Group alongside reinvestment from its existing shareholders. The investment is intended to fund portfolio growth and balance sheet optimisation.
Divercity is a South African investment platform dedicated to affordable rental housing with supporting amenities in high-density and centrally-located urban precincts.
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